Stockholder activism: just a game of chess

[Joelle]

Stockholder activism: just a game of chess
      

The Delaware court ruled in favor of Jana Partners, allowing the hedge fund and its partners to nominate directors to CNET Networks’ board, come the next shareholder meeting.
But that decision is “just another move on the chess board,” according to CNET’s CEO Neil Ashe. In an e-mail to employees, Ashe comparedÃ, fights between activist shareholders and [...]
         

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